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Japanese Prime Minister Shinzo Abe makes one of his most direct threats yet against the Bank of...

Japanese Prime Minister Shinzo Abe makes one of his most direct threats yet against the Bank of Japan's independence, telling parliament he could seek to change the BOJ's law if it doesn't achieve its 2% inflation target. Abe also says - one assumes with a straight face - that "our policies are not aimed at weakening the yen."
Comments (20)
  • divinecomedy
    , contributor
    Comments (466) | Send Message
     
    Go go Abe.
    18 Feb 2013, 07:30 AM Reply Like
  • Ray Lopez
    , contributor
    Comments (1508) | Send Message
     
    As Japan goes, so goes America. It goes to el. Zimflation? Time will tell--and if JP hyperinflation ensues the silver lining will be NY Times econ columnist Paul Krugman will lose his job.
    19 Feb 2013, 06:38 AM Reply Like
  • Macro Investor
    , contributor
    Comments (8422) | Send Message
     
    And if inflation doesn't come? Will the far right have to concede that Krugman was right all along? The horror!
    19 Feb 2013, 07:30 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    As if a CB is ever independent. That's only what the public is told to make them think there is some sort of reasoned approach being taken to improve their lives via an improved economy. Its always been a fraud.
    18 Feb 2013, 08:00 AM Reply Like
  • Ray Lopez
    , contributor
    Comments (1508) | Send Message
     
    Actually the BOJ has been, over the last 20 years, a brake on inflationist designs, from what I've read.
    19 Feb 2013, 06:40 AM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    It never lasts though, does it. That's the point. If the legislature can create it, the entity will eventually bow to the legislature. As long as that threat remains, it was never independent.
    19 Feb 2013, 10:11 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (4039) | Send Message
     
    Whenever a politician has to say "our policies are not aimed at weakening the yen", their policies are aimed at weakening the yen. Protestations regarding one's commitment to a strong currency are similar to protestations about one's honesty or chastity: if you have to talk about it a lot, it is probably not true.
    18 Feb 2013, 10:07 AM Reply Like
  • Macro Investor
    , contributor
    Comments (8422) | Send Message
     
    Go Abe!!

     

    Finally someone gets it.
    18 Feb 2013, 10:21 AM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    My buddy, Abe san! Go get them!!!
    18 Feb 2013, 02:57 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    The Samurai rise again!
    18 Feb 2013, 06:12 PM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    After a long history of feudalism where an elite few sucked the wealth out of the general populace, they have finally arrived at a system where an elite few suck all the wealth out of the general populace.
    18 Feb 2013, 07:26 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    Long live the Shogun, and the Shogunate!
    18 Feb 2013, 08:34 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8422) | Send Message
     
    We need more tax cuts for the rich while dismantling the safety net for the poor. That is the only way to show the elites who is boss.
    18 Feb 2013, 09:26 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    MI,

     

    You must be pulling my leg (humor).

     

    Only recently had I been able to comprehend what the chief's been harping and harping about his 'Balanced Approach' in dealing with the Sequestration, the Fiscal Cliff, and the Debt Ceiling.

     

    Sometimes these politicians are really cryptic in their talks. And only through a sudden revelation like a ray of light striking my head that I finally understand what he meant.

     

    He means that if the Pentagon folks would like to avoid the ax on 01 March, the only 'Balanced Approach' is to bring in more revenues to offset those cuts.

     

    Good old Reid followed his boss to unveil such a bill raising taxes for the 'rich'.

     

    How 'Balanced'!
    18 Feb 2013, 09:45 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8422) | Send Message
     
    That is too complex for me. I only know that if we want to improve the conditions for the masses we have to impose severe austerity on them while giving tax cuts to the rich. That's the only way living standards of the masses can improve. We need to cut any and every spending that benefits them. It's, like, the natural law or something. Just ask Hoop. He knows this better.
    18 Feb 2013, 09:47 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    Who is 'Hoop'? I'm curious.
    18 Feb 2013, 09:54 PM Reply Like
  • Macro Investor
    , contributor
    Comments (8422) | Send Message
     
    Scroll up. He really likes to dole out pain the masses. He thinks it builds character.
    18 Feb 2013, 10:02 PM Reply Like
  • jhooper
    , contributor
    Comments (5328) | Send Message
     
    TK

     

    MI is here as part of the Dancing With the Stars electorate. They are the group that believes the lies that slavery to the gov will finally answer all their dreams. As Voltaire said, once you convince someone of absurdity, you can commit all sorts of atrocities against them.

     

    MI wants a society where MI is free to steal from his neighbors and justify the crime. So he submits to the fraud of his overlords by believing that once they have total control over his life, then they will take care of him. This rational allows hin to justify his stealing because it is for the "public good".

     

    Its the product of a gov education. People are taught to be compliant and are denied the type of education that will help them think for themselves. As such, they plead for a so called social safety net, but if they really cared as much as they claimed they did, they wouldn't need gov to force them to do it. They would allow live a barely subsistence lifestyle while working 7 days a week 365 days a year with no breaks and give away the fruits of their labor. You never see them do this, and whenever it is suggested that gov theft be cut back on, you never hear them say that they will pickup the slack.

     

    The "social safety" net is just a fraud for their theft. They don't live altruistic lives, thus if they don't even believe in it, then there is no reason to let them use guns to try and force everyone else to believe in it.
    19 Feb 2013, 10:19 AM Reply Like
  • Macro Investor
    , contributor
    Comments (8422) | Send Message
     
    You OK, Hoop?
    19 Feb 2013, 07:50 PM Reply Like
  • Jreading
    , contributor
    Comments (4) | Send Message
     
    really hoping we can get a 100 print on the USDJPY.
    19 Feb 2013, 06:35 AM Reply Like
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